These five stocks are primed for upside, including this alternative to Nvidia, Morgan Stanley says

📆 15/6/2024 08:52:00
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Toast Inc,Broadcom Inc,Arista Networks Inc

The firm said this week there's still plenty of buying opportunities heading into summer.

Morgan Stanley analysts named a slate of stocks this week they think are too attractive to ignore. The firm called out a list of overweight-rated companies that have solid prospects for upside.

Pro combed through Morgan Stanley research to find stocks that are primed for growth this summer. They include Apple, Toast, Broadcom, Arista Networks and Coca-Cola. Broadcom The firm resumed coverage of the semiconductor stock earlier this week with an overweight rating. Analyst Joseph Moore pointed to a series of positive catalysts in the months ahead for Broadcom, including artificial intelligence. "We expect Broadcom to easily meet, if not slightly exceed AI targets," he wrote.

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